Overview
Pulp and Paper

Rengo Co.,Ltd.

Rengo Co., Ltd. is Japan's leading packaging company, operating as a 'General Packaging Industry' (GPI) group that covers the full spectrum of packaging solutions including corrugated board (containerboard and boxes), paperboard, flexible packaging, heavy-duty packaging, and paper containers. The company manufactures and sells a diverse product lineup ranging from kraft pulp and linerboard to soft packaging films, cellulose film (cellophane), and packaging machinery, serving logistics, food & beverage, retail, and industrial sectors. Internationally, Rengo operates across Asia and beyond through subsidiaries producing containerboard, corrugated boxes, flexible packaging, heavy-duty packaging, and nonwoven fabrics.

Market Cap
¥391B
US$2.49B
EV
¥662B
US$4.22B
Stock¥1,597.5▲+0.63%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
6.3
x
LTM EV/EBIT
13.9
x
LTM PER
14.7
x
LTM PBR
0.8
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+46.5%pt
1001234
Oct 23, 25 – Oct 23, 26StockTOPIX
1Feb 3, 26Former Murakami Fund group (City Index Eleventh, Reno, Mi… filed large shareholding report
2Mar 19, 26Earnings: FY results announcement (operating profit decline)
3May 14, 26Former Murakami Fund group (City Index Eleventh, Reno, Minami… changed stake (3.97%→4.36%)
4Aug 5, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
391BUS$2.49BMarket Cap500BUS$3.19B+ Debt80.8BUS$516M− Cash188BUS$1.20B− Inv. Sec.40.2BUS$256M+ NCI662BUS$4.22BEV
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Performance & Balance
Revenue 5Y (¥B)
747US$4.76B'22/3846US$5.40B'23/3901US$5.74B'24/3993US$6.33B'25/31,008US$6.43B'26/3
EBITDA 5Y (¥B)
75.0US$478M'22/370.8US$452M'23/397.6US$623M'24/393.4US$595M'25/396.1US$613M'26/3
Net Income 5Y (¥B)
28.2US$180M'22/320.4US$130M'23/333.0US$211M'24/329.0US$185M'25/321.0US$134M'26/3
Capital Structure
50%
50%
EquityD/E 0.99xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
200US$1.27B353US$2.25B'22/3211US$1.35B404US$2.58B'23/3269US$1.71B438US$2.79B'24/3238US$1.51B449US$2.86B'25/3259US$1.65B484US$3.09B'26/3
Shareholders
Top 10 hold 44.1%
1
Custody Bank of Japan, Ltd.
12.62%
2
The Master Trust Bank of Japan, Ltd.
10.97%
3
Sumitomo Mitsui Banking Corporation
3.83%
4
Jun NOMURA (Standing Proxy: Mita Securities Co., Ltd.)
3.51%
5
STATE STREET BANK AND TRUST COMPANY 505223 (Standing Proxy: Mizuho Bank, Ltd.)
2.97%
6
Sumitomo Life Insurance Company
2.73%
7
STATE STREET BANK AND TRUST COMPANY 505103 (Standing Proxy: Mizuho Bank, Ltd.)
2.11%
8
The Norinchukin Bank
2.09%
9
Rengo Co.,Ltd. Employee Stock Ownership Association
1.91%
10
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
1.41%
Management
15 officers
Kiyoshi OTSUBO
Representative Director, Chairman and CEO
Apr 1962 Joined Sumitomo Corporation Jun 1992 Director, Sumitomo Corporation Jun 1996 Managing Director, Sumitomo Corporation Apr 2000 Representative Director and Executive Vice President, Sumitomo Corporation Jun 2000 Representative Director, President, Rengo Co., Ltd. Apr 2014 Representative Director, Chairman and President, Rengo Apr 2020 Representative Director, Chairman and CEO, Rengo (current)
1939-03-15
Yosuke KAWAMOTO
Representative Director, President and COO
Apr 1978 Joined Rengo Apr 2007 Executive Officer Jun 2011 Director and Executive Officer Apr 2014 Director and Managing Executive Officer Apr 2019 Director and Senior Managing Executive Officer Apr 2020 Representative Director, President and COO, Rengo (current)
1955-05-28
Hiromi SANBE
Director and Vice President Executive Officer; overseeing Compliance Promotion Office, President's Office, General Affairs Department, Legal Department and Human Resources Division
Apr 1975 Joined Rengo Apr 2007 Executive Officer Jun 2009 Director and Executive Officer Apr 2011 Director and Managing Executive Officer Apr 2015 Director and Senior Managing Executive Officer Jun 2021 Senior Managing Executive Officer (Senior Rank) Apr 2025 Vice President Executive Officer (Senior Rank) Jun 2025 Director and Vice President Executive Officer, Rengo (current)
1952-11-06
Ichiro HASEGAWA
Director and Vice President Executive Officer; overseeing Materials Division and Paper Division; Chairman of the Board, Rengo Paper Business Co., Ltd.; Chairman of the Board, Daiko Seishi Co., Ltd.
Apr 1976 Joined Sumitomo Corporation Mar 2002 Adviser, Rengo Jun 2002 Director, Rengo Jun 2003 Managing Director, Rengo Apr 2007 Director and Senior Managing Executive Officer, Rengo Apr 2013 Representative Director and Vice President Executive Officer, Rengo Apr 2021 Director and Vice President Executive Officer, Rengo (current)
1954-03-20
Hiroshi HORI
Director and Vice President Executive Officer; overseeing Overseas Business Division
Apr 1981 Joined Rengo Apr 2013 Executive Officer Jun 2014 Director and Executive Officer Apr 2017 Director and Managing Executive Officer Jun 2020 Managing Executive Officer (Senior Rank) Apr 2022 Senior Managing Executive Officer (Senior Rank) Apr 2025 Vice President Executive Officer (Senior Rank) Jun 2025 Director and Vice President Executive Officer, Rengo (current)
1958-05-28
Sadato INOUE
Director and Vice President Executive Officer; overseeing Packaging Division
Apr 1985 Joined Rengo Apr 2007 Executive Officer Jun 2012 Director and Executive Officer Apr 2014 Director and Managing Executive Officer Apr 2019 Director and Senior Managing Executive Officer Jun 2021 Senior Managing Executive Officer (Senior Rank) Apr 2022 Vice President Executive Officer Jun 2022 Director and Vice President Executive Officer, Rengo (current)
1961-08-26
Yukio OKANO
Full-time Audit and Supervisory Board Member
Apr 1982 Joined Rengo Apr 2014 Executive Officer Jun 2015 Director and Executive Officer Apr 2019 Director and Managing Executive Officer Jun 2020 Managing Executive Officer (Senior Rank) Apr 2022 Senior Managing Executive Officer (Senior Rank) Apr 2025 Adviser, Rengo Jun 2025 Full-time Audit and Supervisory Board Member, Rengo (current)
1958-11-17
Tsutomu SHOJU
Full-time Audit and Supervisory Board Member
Apr 1985 Joined Rengo Apr 2010 General Manager, Information Systems Department Apr 2015 Managing Officer Apr 2016 General Manager, Information Systems Division Apr 2020 Executive Officer in charge of General Affairs Department Jun 2020 Full-time Audit and Supervisory Board Member, Rengo (current)
1962-10-20
Mitsuhiro HAMAMOTO
Audit and Supervisory Board Member
Oct 2000 Registered as attorney-at-law (current) Oct 2000 Joined Yamada Tadashi Law Office Oct 2004 Joined Kikkawa Law Office Feb 2019 Established Hamamoto Sogo Law Office; Representative Attorney (current) Jun 2023 Audit and Supervisory Board Member, Rengo (current)
1970-04-18
Yoshio SATO
Director
Apr 1973 Joined Sumitomo Life Insurance Company Jul 2000 Director, Sumitomo Life Insurance Company Apr 2002 Managing Director and Executive Officer, Sumitomo Life Insurance Company Jul 2007 Representative Director, President and Representative Executive Officer, Sumitomo Life Insurance Company Jul 2011 Representative Director, President and Executive Officer, Sumitomo Life Insurance Company Apr 2014 Representative Director, Chairman, Sumitomo Life Insurance Company Jul 2015 Director, Chairman and Representative Executive Officer, Sumitomo Life Insurance Company Jun 2018 Director, Rengo (current) Apr 2021 Director, Sumitomo Life Insurance Company Jul 2021 Special Adviser, Sumitomo Life Insurance Company (current)
1949-08-25
Masayuki OKU
Director
Apr 1968 Joined Sumitomo Bank, Ltd. Jun 1994 Director, Sumitomo Bank Nov 1998 Managing Director, Sumitomo Bank Jan 2001 Representative Director and Senior Managing Director, Sumitomo Bank Apr 2001 Representative Director and Senior Managing Director, Sumitomo Mitsui Banking Corporation Dec 2002 Representative Director and Senior Managing Director, Sumitomo Mitsui Financial Group, Inc. Jun 2003 Representative Director and Deputy President, Sumitomo Mitsui Banking Corporation Jun 2005 Representative Director and Chairman, Sumitomo Mitsui Financial Group, Inc.; Representative Director and President, Sumitomo Mitsui Banking Corporation Apr 2011 Director and Chairman, Sumitomo Mitsui Financial Group, Inc. Apr 2017 Director, Sumitomo Mitsui Financial Group, Inc. Jun 2017 Honorary Adviser, Sumitomo Mitsui Financial Group, Inc. (current) Jun 2019 Director, Rengo (current)
1944-12-02
Kaoru TAMAOKA
Director
Jun 1989 Won Kobe Literary Award for "Yumegui Uo no Blue Good-bye"; began career as novelist (current) Apr 2008 Professor, Osaka University of Arts (current) Oct 2009 Won Oda Sakunosuke Prize for "Oiesan" Oct 2012 Member, Hyogo Prefectural Board of Education Apr 2014 Visiting Professor, Kansai University (current) Apr 2018 Director, Osaka Museum Organization (local incorporated administrative agency) (current) Jun 2021 Director, Rengo (current)
1956-11-06
Koichi SUMIDA
Director
Apr 1983 Joined Nippon Hoso Kyokai (NHK) Jul 1992 Announcer Office, Tokyo Broadcasting Center, NHK Mar 2003 Programming Department, Osaka Broadcasting Station, NHK Jun 2011 Executive Announcer, NHK Jan 2020 Retired at mandatory retirement age, NHK Apr 2020 Professor, Osaka University of Arts Apr 2022 Visiting Professor, Kansai University Jun 2023 Director, Rengo (current)
1960-01-14
Hitoshi TSUNEKAGE
Audit and Supervisory Board Member
Apr 1977 Joined Sumitomo Trust and Banking Company, Limited Jun 2004 Executive Officer, Sumitomo Trust and Banking Jun 2005 Director and Managing Executive Officer, Sumitomo Trust and Banking Jan 2008 Representative Director and President, Sumitomo Trust and Banking Apr 2011 Representative Director, President and Chairman, Sumitomo Trust and Banking; Representative Director and Chairman, Sumitomo Mitsui Trust Holdings, Inc. Apr 2012 Representative Director and President, Sumitomo Mitsui Trust Bank, Limited Apr 2017 Director, Sumitomo Mitsui Trust Bank Jun 2017 Chairman, Sumitomo Mitsui Trust Bank; Director, Sumitomo Mitsui Trust Holdings, Inc. Jun 2020 Audit and Supervisory Board Member, Rengo (current) Apr 2021 Special Adviser, Sumitomo Mitsui Trust Bank (current)
1954-08-06
Mayumi IKAI
Audit and Supervisory Board Member
Oct 1989 Joined Ota Showa & Co. Audit Corporation Mar 1993 Registered as Certified Public Accountant (current) Jul 2009 Partner, New Nippon Audit Corporation Jun 2026 Retired from EY ShinNihon LLC Jun 2026 Audit and Supervisory Board Member, Rengo
1966-07-06
Large Shareholding Reports
Aya NOMURA
2026-05-14
3.97%→4.36%
Aya NOMURA
2026-02-03
3.97%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-05
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-25
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-05-14
Large Shareholding Report
TDnet
2026-02-03
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2026-02-03
Large Shareholding Report
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-05
Q1 Earnings Flash
FY ending Mar 2026
EDINETAmended
2025-06-27
Amended Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINET
2025-06-26
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-04
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-01
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-28
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-30
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINETAmended
2022-12-06
Amended Annual Securities Report
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-30
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-11
Quarterly Securities Report
EDINET
2021-06-30
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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